The Unconventional Guide to QuickBooks Bookkeeping.

Managing numbers with accuracy and efficiency is a tedious task for businesses. It requires bookkeeping experts, time, resources, and cost. The most common solution is to take your accounting and bookkeeping tasks online with accounting software. QuickBooks bookkeeping is one such solution. Meru Accounting can help you, and take charge of your accounting job, so you focus more on business growth. We are QuickBooks Pro advisors and can assist with everything and anything on the QuickBooks Bookkeeping.

Introduction to QuickBooks Online

Intuit’s QuickBooks is online accounting software widely used by accounting professionals, small and medium-sized companies across the globe. It is popular for its easy user interface and automation process of bookkeeping and accounting. It is available as a “Software as a Service” providing remote access to your data anytime, anywhere. It streamlines the processing of a day-to-day transaction, invoicing, handling payments, sales tax, reporting and payroll, and much more. New to QuickBooks bookkeeping! Here are some quick tips that can guide you to do bookkeeping efficiently.

Reconciliation of QuickBooks accounts:

It is the only way to verify all the transactions are recorded. You must reconcile all accounts, including bank accounts, credit cards, loans, and lines of credit.

Print checks using QBs:

You can print checks using QBs this increases efficiency by eliminating unnecessary manual data entry. It also helps in the reconciliation process.

Pay your bills:

QBs help in preparing invoices, and directly paying the bill helps in the easy management of your accounts payable. For payment of bills, you should either print checks or opt for an online payments option linked with QBs.

Customize your QBs icons:

You can boost efficiency by customizing the icons of the most commonly used features to have easy access.

Use Ask my accountants in QBs:

It is one of the features that allow you to put your questions and seek answers to queries regarding a transaction. It helps review the code of all transactions before filing a tax return.

QBs memorized transaction:

It is an extremely useful tool that automatically enters any bill, checks payment, invoice, or journal entry that reoccurs. The memorized transaction can help in managing cash flows by posting future transactions before they take place.

Get familiar with Charts of Accounts:

Get acquitted with how to use the QuickBooks charts of accounts. It is important to know how to add and organize new accounts in QBs. You must be aware of the difference between the account type and how to choose the correct one.

Set up multiple QBs user accounts:

You can set up different QuickBooks users if you have multiple users who need access to your financial data. It is a great way to control the number of users who can access your QuickBooks accounts.

Set invoices for online payment:

You can set the online payment options from the customers via ACH bank transfer. It has very affordable fees of $0.50 per transaction.

Explore more about QuickBooks Bookkeeping with us.

We at Meru Accounting can assist you with the QuickBooks setup service. We help our clients in selecting the best version of QuickBooks and implementing it in a way that aligns with your business and management reporting requirements. Get customized bookkeeping services with us. Contact us now.